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27 July 2021

Elon Musk says Bitcoin may have already hit his benchmark on renewable energy

Elon Musk says Bitcoin may have already hit his benchmark on renewable energy


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Speaking at The ₿ Word, a virtual Bitcoin (BTC) event with Twitter CEO Jack Dorsey, Ark Invest’s Cathie Wood and moderator Steve Lee from Square Crypto, Musk said that Tesla would “most likely” consider resuming crypto payments for its vehicles — a policy the CEO said the company would be stopping in May — but said he needed to exercise diligence before making a decision.

He said the only three assets “of any significance” that he owned outside of SpaceX and Tesla stock were BTC, DOGE, and Ether (ETH), and that neither he nor Tesla had sold any Bitcoin since the announcement stopping crypto payments

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